Stock Analysis

Fomento Económico Mexicano. de Second Quarter 2024 Earnings: Beats Expectations

BMV:FEMSA UBD
Source: Shutterstock

Fomento Económico Mexicano. de (BMV:FEMSAUBD) Second Quarter 2024 Results

Key Financial Results

  • Revenue: Mex$198.7b (up 16% from 2Q 2023).
  • Net income: Mex$12.2b (up 21% from 2Q 2023).
  • Profit margin: 6.1% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: Mex$3.40 (up from Mex$2.82 in 2Q 2023).
earnings-and-revenue-growth
BMV:FEMSA UBD Earnings and Revenue Growth July 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fomento Económico Mexicano. de Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Beverage industry in South America.

Performance of the market in Mexico.

The company's shares are down 3.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Fomento Económico Mexicano. de's balance sheet.

New: AI Stock Screener & Alerts

Our new AI Stock Screener scans the market every day to uncover opportunities.

• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies

Or build your own from over 50 metrics.

Explore Now for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.